The Scottish Professional Football League is to hold an emergency meeting at Hampden Park to discuss whether the Rangers Big Tax Case ruling means sporting sanctions are either justified or workable. 

The move comes after the taxman won its latest challenge over its claim Rangers were liable for a £46.2 million bill over the use of Employee Benefit Trusts (EBTs)  to make payments to players, managers and staff.

The SPFL's nine-man board  are expected to discuss any possible options available to them.

An SPFL source said the board will review the events but is not likely to make any firm decision on sanctions at the Friday afternoon conference call.

The Big Tax Case decision has brought the debate over "tainted titles" into the  public arena with some calling for the club to be stripped of titles and competitions won in the years the EBTs were used.

Rangers used the EBT scheme from 2001 until 2010 to give millions of pounds of what the club said was tax-free loans to players and other staff.

"They will discuss what might happen next," said the source.  "It's a review of what the latest development means.  It's to get the board on the one page."

In what is one of the biggest tax claims it has ever pursued, Her Majesty's Revenue and Customs (HMRC) went to the Court of Session in July to contest a decision of upper tier judge Lord Doherty in largely dismissing an appeal against a first-tier tax tribunal (FTT) decision in the so-called Big Tax Case.

The challenge over the EBTs that were concerns the company which ran Rangers until 2012.

Wednesday's judgement decided that the EBTs were a way of providing players and staff with earnings and therefore should have been taxed.

Liquidators of the Rangers oldco have confirmed that £72m of the £94.4m owed to HMRC relies on the taxman's claim that  Rangers was liable for its use of EBTs. 

It was widely thought the spectre of a massive loss in the tax case which the club could not pay was main reason for the financial implosion that led to the club's operating company entering liquidation.

Rangers  lifted five league titles, four Scottish Cups and five League Cups between 2001 and 2010.

An independent commission chaired by Lord Nimmo Smith, ruled in 2013 that Rangers had breached regulations by failing to disclose the payments.

The oldco was fined £250,000 by the SPL, after being found guilty of failing to correctly register players. The fine was never paid.

But,  Lord Nimmo Smith insisted in his 42-page verdict that he was satisfied no sporting advantage was gained.